moncadadebbie9746 moncadadebbie9746

26-02-2021
Business

contestada

If merchandise costing $500 is sold on account for $620, how is this transaction recorded when using a perpetual inventory system

Respuesta :

trammelmr trammelmr

26-02-2021

Answer:

Explanation:

Debit Accounts Receivable and credit Sales Revenue for $620;

DEBIT: Cost of Goods Sold CREDIT: Inventory for $500

Answer Link

Otras preguntas

up until the mid-1800s, there was not a bridge to cross the mississippi river. true or false HELP PLEASE

Which one of the following Prime Ministers was in power when Canada’s constitution was patriated? A. Brian Mulroney B. Jean Chretien C. Joe Clark

NEED ANSWER A-S-A-P In the supply-and-demand schedule shown above, at prices of ___ and ___, there is excess demand because quantity demanded is greater than qu

Identify the nations thy belonged to the central powers and the allied powers

The pH of a certain brand of soap is 9.5. Which sentence best describes soap?

Which of the following is an accurate statement of the relationships within this cladogram? Clades A and C are more closely related than clades A and D. Clad

How would you apply the scientific method to the question, "Which type of shampoo makes my hair look shinier? Shampoo A or Shampoo B?" How would we test out the

Someone please help ?

Can someone please help me with numbers 5, 7, & 8?

A lawn is in the shape of a rectangle, with dimensions 105 feet by 112 feet. Using front-end estimation on the dimensions, what is an estimate of the area of t